Blue Star Helium to commence drilling on Enterprise 16#1 soon

Blue Star Helium is ready to start drilling at its maiden Enterprise 16#1 well after receiving the first approved permit to drill for a helium well in Colorado since changes to the State permitting were enacted. Drilling of Enterprise 16#1 is expected to commence in February, with budgeted dry-hole costs of <US$0.3mm. The approval hearing for four new well applications is to be held on 16 February 2022 for the Blue Star–Vecta AMI over the Serenity prospect.

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